Using the above figure, which of the following quantities of CDs has the largest deadweight loss?
A) 3 million CDs
B) 4 million CDs
C) 7 million CDs
D) The deadweight losses associated with the three quantities given above are all equal.
C
Economics
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In 2001, a prolonged period of deceased investment and production preceded a ______.
a. a depression b. a recession c. an expansion d. a recovery
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To which of the following is a maximum price control most likely to be applied?
a. wages b. agricultural products c. alcohol d. rents
Economics